Jim Cramer: Rite Aid Is a Play on Walgreens Deal
Jim Cramer says Walgreens is set to move higher if its acquisition of Rite Aid closes or breaks down.
TheStreet's Action Alerts PLUS Portfolio Manager Jim Cramer said Walgreens Boots Alliance (WBA) - Get Report shares are set to move higher if its acquisition of Rite Aid (RAD) - Get Report closes or breaks down. 'If the deal will close or fall apart, Walgreens will very quickly go to $90 a share,' Cramer said. Walgreens currently trades near $81.
At the time of publication, Jim Cramer's charitable trust Action Alerts PLUS held no positions in stocks mentioned.
